BancTec has been providing remittance processing services for over three decades. By utilising proven hardware and software processing systems, we deliver world-class speed, accuracy and reliability to each of our BPO customers. Advanced technology, specifically optimised for cheque and remittance processing, increases read accuracy rates and minimises exceptions - yielding fewer bad payments, providing earlier fraud detection and reducing costs. What’s more, faster processing decreases internal float costs and accelerates fund availability.

Even better, BancTec’s worldwide network of processing centres assures comprehensive coverage and minimised delivery times. Our customers experience superior service and, in return, deliver better service to their own customers.

BancTec listens to you, and then offers flexibility to meet your unique needs. On-shore, near-shore and off-shore processing options allow customers to leverage the highest cost reductions together with superior service delivery  — all while taking advantage of BancTec’s expertise. Our services instantly delivers payment details to update your back office systems, images and data can be sent via secure EDI, or held on our hosted archive for quick on-line search and retrieval. Exceptions are managed to your requirements and our standardised reports and reconciliation tools  make overseeing the outsourced relationship easy and convenient.

Summing up, BancTec has been a leader in remittance processing services for over three decades. We understand the process of transformation.

FEATURES

• The service yields fewer bad payments and provides earlier fraud detection, fewer errors, enhanced privacy and reduced costs
• Increased efficiencies are obtained by converging all payment streams, including remittances, cheque images, IRDs, substitute cheques, ACH and debit transactions
• BancTec utilises its own transport devices that process payments at a rate of up to 600 items per minute, and set the industry standard for reliability
• Flexible archive tools provide quick-and-easy storage and access using existing networks and the web
• Gain the ability to cross reference with cash letter reports and balancing items, as well as support for alternative capture systems